Atkin could make $17m in Instinet IPO

By

William Wright

February 19, 2001 5:00 pm GMT

Doug Atkin, chief executive of Instinet, the electronic trading business being floated by Reuters this year, stands to make about $17m (€18.2m) over the next few years, according to Instinet's filing for its IPO.

The registration document, filed with the Securities and Exchange Commission in the US, shows that Atkin earned a shade over $2m in 2000 in bonus and salary. In addition, he holds options on over 500,000 shares in Instinet.